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Peter McCrory

πŸ‘€ Speaker
479 total appearances

Appearances Over Time

Podcast Appearances

ABC Business Daily
Peter McCrory on Claude and the big AI disruption

Yeah.

ABC Business Daily
Peter McCrory on Claude and the big AI disruption

So the way that I would think about this is the 1.8 percentage point

ABC Business Daily
Peter McCrory on Claude and the big AI disruption

number that we talked about relies on this thing called holton's theorem which is a sort of standard way to add up efficiency gains without making too many assumptions about how those efficiency gains emerge in general it's being able to do a particular task faster and given the structure of the economy today what would that mean overall if you add up those those efficiency gains

ABC Business Daily
Peter McCrory on Claude and the big AI disruption

We ran the survey of Claude users recently, where we asked them about their fears and hopes with AI.

ABC Business Daily
Peter McCrory on Claude and the big AI disruption

And one of the things that emerged in that survey was a lot of discussion around the labor market impact and also the productivity gains that people are experiencing.

ABC Business Daily
Peter McCrory on Claude and the big AI disruption

More so than being able to do things faster, people were more often likely to indicate that Claude helps them do more.

ABC Business Daily
Peter McCrory on Claude and the big AI disruption

So broadening of scope.

ABC Business Daily
Peter McCrory on Claude and the big AI disruption

that broadening of scope looks more like labor augmentation than labor automation.

ABC Business Daily
Peter McCrory on Claude and the big AI disruption

And in that sense,

ABC Business Daily
Peter McCrory on Claude and the big AI disruption

I think that that might be an important aspect of the productivity gains that we ultimately might experience.

ABC Business Daily
Peter McCrory on Claude and the big AI disruption

I guess, you know, this goes back to this point that the technology is broadly applicable, and we also want to be good stewards of the technology.

ABC Business Daily
Peter McCrory on Claude and the big AI disruption

Or at least I think that that's like part of the goal.

ABC Business Daily
Peter McCrory on Claude and the big AI disruption

The thing that motivates me in our research is we're not just putting data and research out there because it's interesting.

ABC Business Daily
Peter McCrory on Claude and the big AI disruption

We're doing it because the impact on society and on the economy will be shaped by the technology.

ABC Business Daily
Peter McCrory on Claude and the big AI disruption

by the decisions that we make as much by the technological capabilities themselves.

ABC Business Daily
Peter McCrory on Claude and the big AI disruption

And so in that sense, it's wise to have conversations with all stakeholders

ABC Business Daily
Peter McCrory on Claude and the big AI disruption

who might be affected by the technology so that we can steward our role responsibly.

ABC Business Daily
Peter McCrory on Claude and the big AI disruption

I think the way that I think about mythos is that it is, you know, the thing that make Claude very good at helping me very quickly do sophisticated statistical analysis and econometric analysis for my purposes or help me build interactive dashboards quite quickly.

ABC Business Daily
Peter McCrory on Claude and the big AI disruption

That's the same capability that allows the model to

ABC Business Daily
Peter McCrory on Claude and the big AI disruption

identify vulnerabilities in critical infrastructure and software systems and as we talked about before these models are doubling roughly every four to seven months in terms of one notion of their capabilities and so in that sense it's just consistent with this exponential that we've been on